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Sutro Biopharma (STRO) R&D spending by quarter

Sutro Biopharma's R&D spending was $31.7M in Q2 2026 (second quarter 2026), -13% from Q1 2026. Over the last 7 quarters it ranged from $31.7M (Q2 2026) to $71.0M (Q4 2024).

Sutro Biopharma R&D spending by quarterSutro Biopharma R&D spending by quarter$71.0MQ4 2024$51.6MQ1 2025$38.3MQ2 2025$39.9MQ3 2025$36.6MQ4 2025$36.6MQ1 2026$31.7MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$31.7M-13%-17%
Q1 2026$36.6M-0.2%-29%
Q4 2025$36.6M-8%-48%
Q3 2025$39.9M+4%—
Q2 2025$38.3M-26%—
Q1 2025$51.6M-27%—
Q4 2024$71.0M——

Q2 2026 at a glance

Sutro Biopharma, Q2 2026: revenue $9.8M (-85% year over year), operating margin -303.8%, net loss $38.5M, operating cash flow −$38.3M. The chart follows the revenue to costs, profit and cash.

Questions

What is Sutro Biopharma's R&D spending?

Sutro Biopharma's R&D spending was $31.7M in Q2 2026 (second quarter 2026), -13% from Q1 2026.

How has Sutro Biopharma's R&D spending changed?

Over the last 7 quarters it ranged from $31.7M (Q2 2026) to $71.0M (Q4 2024).

Q2 2026 results → · How Sutro Biopharma makes money →